Biggest Exporting Industries in China in 2023

1. Mobile Phone Manufacturing in China

Exports for 2023: $134.2B

Industry revenue for the Mobile Phone Manufacturing industry is expected to increase at an annualized 3.9% over the five years through 2022, to total $279.3 billion. This trend includes anticipated growth of 5.6% in the current year. The industry developed rapidly from 2013 to 2016 due to the popularity of 4G mobile phones. However, the industry's expansion has since slowed as the 4G mobile phone market has reached saturation. China's 5G commercial licenses have been issued in 2019, and 5G mobile phones are projected to significantly expand sales volumes.

Many companies have expanded into overseas markets to benefit from economies of... Learn More

2. Integrated Circuit Manufacturing in China

Exports for 2023: $123.3B

China is the world's largest and fastest-growing integrated circuit market, and is also an important producer and provider of integrated circuits. The Integrated Circuit Manufacturing industry in China is expected to grow at an annualized 9.7% over the five years through 2022 to $221.8 billion, maintaining a sustained and stable growth trend over the period. This includes growth by 11.7% in the current year. The huge demand from terminal application markets such as industrial equipment, communication networks, and consumer electronics has contributed to revenue growth. An increased focus on intellectual property and patents has also promoted revenue growth. Moreover, national... Learn More

3. Smart Phone Manufacturing in China

Exports for 2023: $118.7B

Revenue for the Smartphone Manufacturing industry in China is expected to increase at an annualized rate of 6.2% over the five years through 2022. In 2022, industry revenue is expected to increase by 5.2%, to $237.8 billion, mainly driven by upgrading of mobile phones. Exports are estimated to account for 52.8% of industry revenue in 2022.

Demand for smartphones has grown strongly over the past five years, due to the rapid development of 4G and 5G technology, an abundant smartphone product portfolio and competitive product pricing. In late 2013, the Ministry of Industry and Information Technology (MIIT) issued 4G licenses to... Learn More

4. Computer Manufacturing in China

Exports for 2023: $107.5B

China has become the computer production base for the world. It is also the largest consumer of computer products. Demand for computers from domestic and global markets has driven the development of the Computer Manufacturing industry in China.

Industry revenue is expected to increase at an annualized 3.1% over the five years through 2022, to total $289.5 billion. Technology for computers has developed rapidly in recent years, driving consumers to purchase product upgrades. However, industry revenue declined between 2014 and 2016 due to falling foreign demand and a saturated domestic market. In 2020, due to the COVID-19 pandemic, working from home... Learn More

5. Computer Peripheral Manufacturing in China

Exports for 2023: $83.8B

Declining retail prices and intense industry competition have contributed to relatively slower industry revenue growth and narrower profit margins over the past five years. As laptops have become more popular, demand for some computer peripheral equipment has declined. Overall, revenue for the Computer Peripheral Equipment Manufacturing industry is expected to grow at an annualized 1.8% over the five years through 2022, to total $252.8 billion. This trend includes expected growth of 1.2% in the current year.

International trade is highly important to the industry, with exports driving the industry's development over the past decade. Exports accounted for 96.6% of industry revenue... Learn More

6. Building Construction in China

Exports for 2023: $56.7B

Over the five years through 2023, revenue for the Building Construction industry is expected to have been growing at an average annualized 4.4%, to $3.0 trillion. This includes an anticipated increase of 4.7% in 2023. There are approximately 36,700 construction firms in this industry. Most major players also have operations in civil engineering, real estate development, professional engineering services, plan designing, building materials manufacturing and construction equipment manufacturing. By operating across different sectors, firms can minimize their costs and maintain stable supply sources.

Larger general contractors are relatively stable and less vulnerable to external influences due to their broad business scope... Learn More

7. Software Development in China

Exports for 2023: $56.0B

The Software Development industry has grown strongly over the past five years. Industry revenue is expected to increase at an annualized 6.7% over the five years through 2022, to $1.3 trillion. This trend includes anticipated revenue growth of 7.2% in the current year. Strong demand from downstream software users and the government, along with solid pricing, have supported the industry's performance over the past five years. The industry's development has also been supported and encouraged by the Chinese Government, with the government instituting several policies to support the industry. The government's 13th Five-Year Plan (2016 to 2020) listed software development... Learn More

8. Steel Rolling in China

Exports for 2023: $54.0B

In 2022, revenue for the Steel Rolling industry in China increased by 1.2% to total $1.3 trillion. Over the past five years, revenue has increased at an annualized 5.7%, driven by rising demand for high quality and value-added steel products from downstream industries such as automobile manufacturing (IBISWorld industry report 3721) and real estate management and development (7210a and 7210b).

In recent years, industry operators have experienced supply surplus problems. However, long-term prospects are promising as China continues to become more urbanized and the government focuses on expanding infrastructure. The number of enterprises operating in the industry has been falling over... Learn More

9. Apparel Manufacturing in China

Exports for 2023: $51.6B

The Apparel Manufacturing industry performed well from 2015 to 2019. However, industry revenue is expected to decrease at an annualized 0.8% over the five years through 2022, to total $345.6 billion. This trend includes a 3.2% reduction in 2022. With new consumer groups, individualized, fine-differentiated and young clothes have become the mainstream for the industry. In addition, big data, cloud computing, and artificial intelligence have brought big changes to the industry over the past five years.

The industry currently has 19,238 enterprises, employing 4.4 million workers with an expected payroll of $48.6 billion. The rising prices of raw materials, in addition... Learn More

10. Engineering Services in China

Exports for 2023: $43.0B

China's steady economic growth created a major market for engineering services in recent decades. Meanwhile, government reforms promoted the commercialization of related technology. In 2022, revenue for the Engineering Services industry is estimated to total $1.1 billion, up 7.0% from 2021. Revenue growth is expected to slow compared with previous years due to slower growth in building and civil engineering construction output value over the year. Industry revenue has increased at an annualized rate of 7.5% over the five years through 2022.

China's construction and civil engineering industries grew consistently over the past several years. Infrastructure investment is a key element... Learn More